Stratasys (SSYS) AI Stock Analysis

• Market Cap: $672.15M
• Dividend Yield: N/A
• Average Volume (3M): 957.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -2.93%
• EPS Growth: -22.55%
• Country: US
• Employees: 1,779
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): 0.07
• Shares Outstanding: 85,037,285
• 10 Day Avg. Volume: 1,450,458
• 30 Day Avg. Volume: 957,428
• PEG Ratio: 0.27
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 1.29
• P/FCF Ratio: -101.64
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 2.50
• Enterprise Value/Ebitda: -9.79
• 1Y Price Target: $10.65
• Price Target Upside: 36.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.14
• Revenue Forecast (FY): $567.49M

• Rating: 52 Neutral
• Price Target: $8.00 ▲(2.56% Upside)
• Action: Reiterated Date: 03/08/26
• Date: Action: Reiterated 03/08/26

SSYS scores in the low-to-mid range primarily due to persistent revenue declines and GAAP losses despite a strong balance sheet and improving operating cash flow. Technical indicators are bearish with the stock trading below key moving averages, while valuation offers limited support given negative earnings and no dividend. The earnings call adds some offsetting optimism via 2026 sequential-growth guidance, cost discipline, and strategic customer wins, but headwinds and continued GAAP losses keep the overall score constrained.

Positive Factors

Balance-sheet strength

Very low leverage and a large cash position provide durable financial flexibility. This reduces refinancing and interest-rate risk, funds continued R&D and selective M&A, and gives the company runway to execute a multi-quarter operational turnaround without immediate liquidity pressure.

Shift toward production/manufacturing mix

A rising manufacturing mix increases utilization and recurring consumable demand, moving Stratasys from prototyping to production-scale use cases. Higher utilization customers create steadier consumable and service revenue, improving long-term revenue visibility and margin stability.

Validated strategic partnerships & scale wins

Large aerospace and automotive deployments and certifications validate technology at production scale, creating high switching costs and certification barriers. These partnerships strengthen competitive advantage and support durable, contract-driven revenue opportunities across mission-critical applications.

Negative Factors

Multi-year revenue decline

Sustained revenue decline erodes scale economics, reduces leverage for fixed R&D and SG&A, and weakens the installed-base growth that drives consumables and services. Without a clear, sustained revenue inflection, margin recovery and profit conversion remain uncertain.

Structural GAAP losses & low returns

Large GAAP losses and negative ROE indicate the current capital base is not generating returns. Persistent accounting losses limit retained-earnings growth and could constrain reinvestment or force dilution if profitability and sustained free cash flow are not restored.

Recurring revenue pressure & external headwinds

Declines in consumables and services undermine the company's core recurring revenue engine and increase cyclicality. Coupled with tariff and FX headwinds that compress margins, this weakens core profitability and makes revenue recovery more sensitive to macro and policy shifts.

Stratasys Business Overview & Revenue Model

Company Description

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication. The company also provides 3D printing materials, including approximately FDM spool-based filament materials, polyjet cartridge-based resin materials, non-color digital materials, and color variations for use in 3D printers and production systems. In addition, it offers GrabCAD Additive Manufacturing Platform, an open and enterprise-ready software that enables manufacturers to manage production-scale additive manufacturing operations; GrabCAD Shop, which simplifies the 3D printing shop workflow; GrabCAD software development kit that provides application programming interfaces, documentation, sample code, and professional support network; and GrabCAD Workbench, a cloud-based project data management solution. Further, the company operates Thingiverse.com, an online community for sharing downloadable and digital 3D designs; and GrabCAD Community for mechanical engineers, designers, manufacturers, and students, as well as offers on-site system installation, operator training, maintenance and repair, and remote technical support services. Its products and services are primarily used in the aerospace, automotive, transportation, healthcare, consumer products, dental, medical, and educational industries. The company sells its products through a network of resellers and independent sales agents worldwide. Stratasys Ltd. was incorporated in 1989 and is headquartered in Eden Prairie, Minnesota.

How the Company Makes Money

Stratasys primarily makes money by selling (1) 3D printing systems (hardware) and (2) recurring consumables and support tied to the installed base. Key revenue streams include: (a) Printer/system sales: One-time revenue from the sale of industrial and professional 3D printers and related hardware accessories. (b) Consumables and materials: Ongoing revenue from proprietary and qualified printing materials (e.g., thermoplastics/resins and related supplies) used to run Stratasys printers; this is typically a repeat-purchase stream as customers consume materials in production and prototyping. (c) Software: Revenue from software products that support print preparation, workflow management, and production operations (sold via licenses and/or subscriptions depending on product). (d) Services and support: Revenue from maintenance contracts, customer support, training, and professional services; these are often sold as recurring service agreements that provide uptime support for printers. (e) Parts/contract manufacturing services (where offered): Revenue from printing parts for customers rather than selling them a printer, providing an alternative path for customers who want printed parts without owning equipment. Factors that contribute to earnings include the size and utilization of the installed base (driving repeat materials and service purchases) and expansion within enterprise accounts. Significant partnerships or specific partner details: null.

Stratasys Financial Statement Overview

Summary

Financials are mixed: a very strong, low-leverage balance sheet provides flexibility, but multi-year revenue decline and continued GAAP losses weigh heavily. Operating cash flow has improved and turned positive recently, yet free cash flow remains negative, indicating the turnaround is not fully reflected in cash generation.

Income Statement

Revenue has been shrinking for several years (from $652M in 2022 to $551M in 2025), indicating weakening demand and/or pricing pressure. Gross margin improved to ~47% in 2025 (vs ~42–45% in 2020–2024), but the company remains structurally unprofitable with negative operating results and a ~-19% net margin in 2025. Losses have persisted across the full period, with 2025 net income at -$104M, showing that margin improvement at the gross level has not translated into sustainable bottom-line performance.

Balance Sheet

The balance sheet is a clear strength: leverage is very low (debt-to-equity ~0.03 in 2025) and equity remains large at ~$843M, providing financial flexibility. Total debt is modest (~$27M in 2025), reducing refinancing and interest-rate risk. The key weakness is continued negative returns on equity (about -12% in 2025), reflecting that the capital base is not currently generating profits.

Cash Flow

Cash generation is mixed and somewhat volatile. Operating cash flow turned positive in 2024–2025 ($7.8M to $15.1M), an improvement from large cash burn in 2022–2023, but free cash flow remains negative in 2024–2025 (about -$4.9M to -$7.0M), implying ongoing investment/working-capital drag. While recent cash flow is moving in the right direction, it is not yet consistently strong enough to offset ongoing accounting losses.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	551.10M	572.46M	627.60M	651.48M	607.22M
Gross Profit	259.26M	256.82M	267.02M	276.47M	260.08M
EBITDA	-58.79M	-40.32M	-31.71M	2.61M	-23.07M
Net Income	-104.28M	-120.28M	-123.07M	-28.97M	-61.98M
Balance Sheet
Total Assets	1.07B	1.03B	1.13B	1.26B	1.28B
Cash, Cash Equivalents and Short-Term Investments	244.53M	150.70M	162.59M	327.84M	502.18M
Total Debt	26.50M	32.09M	18.66M	17.84M	14.97M
Total Liabilities	230.86M	236.75M	249.07M	300.36M	321.21M
Stockholders Equity	842.90M	792.99M	884.84M	959.43M	956.01M
Cash Flow
Free Cash Flow	-6.97M	-4.89M	-76.67M	-95.16M	9.07M
Operating Cash Flow	15.14M	7.83M	-61.65M	-75.41M	35.82M
Investing Cash Flow	-112.23M	-14.82M	-3.83M	-7.21M	-291.17M
Financing Cash Flow	117.97M	-3.31M	-1.52M	-2.77M	227.31M

Stratasys Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSYS, the sentiment is Negative. The current price of 7.8 is below the 20-day moving average (MA) of 9.13, below the 50-day MA of 10.16, and below the 200-day MA of 10.32, indicating a bearish trend. The MACD of -0.68 indicates Positive momentum. The RSI at 26.13 is Positive, neither overbought nor oversold. The STOCH value of 11.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSYS.

Stratasys Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SSYS	52 Neutral	$672.15M	-9.86	-12.33%	―	-2.93%	-22.55%
DDD	50 Neutral	$312.58M	3.70	30.39%	―	-11.78%	―
NNDM	48 Neutral	$347.09M	-1.62	-36.12%	―	42.17%	-215.37%

Stratasys Corporate Events

Stratasys Posts 2025 Loss but Improves Cash Flow and Margins, Issues 2026 Outlook

On March 5, 2026, Stratasys reported fourth quarter and full-year 2025 results showing revenue declines but improved profitability metrics on a non-GAAP basis. Fourth quarter revenue fell to $140 million from $150.4 million a year earlier, with a GAAP net loss of $18.9 million but non-GAAP net income of $6.2 million, while operating cash flow remained positive at $4.8 million.

For 2025, revenue slipped to $551.1 million from $572.5 million in 2024, yet GAAP net loss narrowed to $104.3 million and non-GAAP net income rose to $12.7 million, supported by adjusted EBITDA growth to $28.5 million and operating cash flow of $15.1 million. Management highlighted resilience, stronger manufacturing-focused revenue mix and a debt-free balance sheet with $244.5 million in cash, and issued 2026 guidance that projects modest revenue growth, low single-digit non-GAAP operating margins, continued GAAP losses but positive non-GAAP earnings and operating cash generation despite expected headwinds from tariffs and foreign exchange.

The most recent analyst rating on (SSYS) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Stratasys stock, see the SSYS Stock Forecast page.